机构择券思路多，平安公司债ETF（511030）回撤稳定备受关注

Group 1 - The current yield curve analysis indicates that there is little difference across various maturities of government bonds, with 2-3Y and 7Y bonds being relatively expensive [1] - The 10-year government bond (250215) has a current spread of -1 basis point compared to the 10-year national development bond (250210), with the former's outstanding amount reaching 335 billion yuan and continuing to be issued, suggesting it may become a main trading bond soon [1] - The 30-year government bond market is experiencing slower exchange progress due to the new bond's tax implications, but the preference for main bonds is expected to remain strong as the market adjusts [2] Group 2 - In the 3-5 year segment, specific bonds such as 240020, 250003, 240203, and 240208 are recommended for attention, while the 5Y national development bond is noted for its volatility [2] - The recent performance of the Ping An Company Bond ETF (511030) has shown strong control over drawdowns, ranking first in terms of stability during the recent bond market adjustments [2]